The International Trade Commission ruled in an initial determination that dozens of North American cannabis vaporizer companies did not infringe upon three patents owned by Shenzhen, China-based Smoore Technology.
Kate Robertson
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Cannabis tech platform LeafLink raises $100 million amid management shuffle
New York-based cannabis wholesale technology platform LeafLink raised $100 million in a Series D financing as its founders transition into new roles at the company.
Wisconsin gov’s cannabis legalization plans might slow MMJ progress
A top Wisconsin legislator is pumping the brakes on the governor’s plans to legalize both medical and recreational cannabis in the state, claiming legislators are still in the early stages of discussing the possibility of legalizing MMJ.
Marijuana M&A: Distressed, smaller and failed deals expected in 2023
Are blockbuster, billion-dollar marijuana mergers and acquisitions behind us?
Possibly, say insiders. But they also predict 2023 will feature brisk cannabis M&A activity, with the overall value of transactions possibly topping the $3.2 billion recorded in 2022.
Michigan marijuana sales set December record at $221 million
Michigan’s record-breaking marijuana sales in December brought the state’s total for the year to $2.3 billion.
Marijuana MSO Columbia Care shutters stores, reduces head count
New York-based marijuana multistate operator Columbia Care is laying off 25% of its corporate head count as part of a larger effort to slash costs, reduce cash burn and improve performance.
Mississippi Medical Cannabis Program appoints acting director
Attorney Laura Goodson, attorney for the Mississippi Medical Cannabis Program, was appointed the agency’s acting director.
FDA to face questions about CBD rules from key congressional committee
The U.S. House Oversight Committee plans to grill Food and Drug Administration Commissioner Robert Califf about why the agency still hasn’t created CBD regulations.
Marijuana industry layoffs and cost-cutting likely to continue in 2023
2022 saw a wave of layoffs in the cannabis industry. Its pressures are uniquely challenging and there’s no end in sight in 2023.
California marijuana tech company Blaze buys Tymber e-commerce firm
Blaze, a Los Angeles-based marijuana retail software company, is acquiring e-commerce platform Tymber.
Missouri marijuana businesses can deduct expenses on state tax returns
For the first time, legal marijuana businesses operating in Missouri will be able to deduct business expenses when they file state tax returns in 2023.
Lawsuit: Generic drugmakers infringed on Epidiolex cannabis drug patents
Global pharma giant Jazz Pharmaceuticals filed a lawsuit alleging that a list of generic drug companies infringed on its patents for Epidiolex, a cannabis-derived drug used to treat seizures from Dravet syndrome, tuberous sclerosis complex and Lennox-Gastaut syndrome.
